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- H.R.5908
H.R.5908: To amend the Internal Revenue Code of 1986 to provide a permanent zero percent capital gains rate for individuals and corporations.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced April 24, 2008
- Latest Major Action April 24, 2008
Bill Sponsor
Bill Cosponsors
33 (All Republicans)
Bill Summary
Amends the Internal Revenue Code to establish, on a permanent basis, a zero percent tax rate for the net capital gains of individuals and corporations for purposes of the regular and alternative minimum tax. Eliminates the terminating date in the Jobs and Growth Tax Relief Reconciliation Act of 2003 (i.e., December 31, 2008) for provisions that reduce the capital gains tax rate for individuals.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 24, 2008 |
Introduced in the House by Wally Herger (R-Calif.) |